Quantum Corp terminates credit agreement, convertible notes, and equity line; pays $57.8M to retire term loan

QUANTUM CORP /DE/

Paid $57.8M to terminate Term Loan Credit Agreement: $56M principal, $1.5M interest, $0.3M fees.
Canceled all outstanding 10.00% PIK Senior Secured Convertible Notes due 2028; indenture discharged.
Terminated Standby Equity Purchase Agreement with Yorkville effective June 11, 2026; no amounts owed.
Board member John Fichthorn is Managing Partner of Dialectic Capital Management, advisor to note conversion counterparty.
Annual meeting set for September 15, 2026; stockholder proposal deadline June 17, 2026.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

QUANTUM CORP /DE/ terminated Standby Equity Purchase Agreement with YA II PN, Ltd. valued at Termination notice provided; no amounts owed (effective 2026-06-04).

Action: termination
Agreement: equity purchase
Counterparty: YA II PN, Ltd.
Value: Termination notice provided; no amounts owed
Effective: 2026-06-04

Exact text from the filing

on June 4, 2026, in accordance with the terms of the SEPA, the Company provided a notice to Yorkville regarding its termination of the SEPA, effective as of June 11, 2026.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

QUANTUM CORP /DE/ terminated Term Loan Credit and Security Agreement with Alter Domus (US) LLC valued at $57.8 million paid to terminate (effective 2026-06-04).

Action: termination
Agreement: credit facility
Counterparty: Alter Domus (US) LLC
Value: $57.8 million paid to terminate
Effective: 2026-06-04

Exact text from the filing

On June 4, 2026, Quantum Corporation (the “Company”) paid an aggregate of $57.8 million in connection with the termination of the Credit Agreement, consisting of the entire outstanding principal amount of $56.0 million, accrued interest of $1.5 million, and fees and expenses of $0.3 million incurred in connection with such termination.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

QUANTUM CORP /DE/ terminated Indenture dated December 18, 2025 with U.S. Bank Trust Company, National Association valued at All outstanding 10.00% PIK Senior Secured Convertible Notes due 2028 canceled; Indenture satisfied a (effective 2026-06-04).

Action: termination
Agreement: notes offering
Counterparty: U.S. Bank Trust Company, National Association
Value: All outstanding 10.00% PIK Senior Secured Convertible Notes due 2028 canceled; Indenture satisfied a
Effective: 2026-06-04

Exact text from the filing

on June 4, 2026, all of the Company’s outstanding 10.00% PIK Senior Secured Convertible Notes due 2028 were canceled, and the Indenture was satisfied and discharged in full.

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Source: SEC EDGAR

accession 0001193125-26-259525

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